5 Easy ways to check if your money is safe

Canadians are fortunate to have many options for managing their money. In fact, over 80 federally regulated financial institutions and provincial credit unions that offer services for Canadians who are looking to save their hard-earned dollars.

The Canada Deposit Insurance Corporation (CDIC) was established by Parliament more than 50 years ago. Its job is to protect eligible deposits at member financial institutions, and it has a strong track record! Since its establishment, CDIC has protected depositors in 43 failures. Over two million depositors were protected, and not one person lost a dollar of deposits under CDIC protection.

However, not everything is covered. Here are 5 easy ways to see if your money is okay:

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